Castleark Management LLC is a large advisory firm based in Chicago. It manages $2.87 billion of regulatory assets for 25 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Illinois.
Castleark Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Castleark Management LLC is $2.87 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 132% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Castleark Management LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to investment companies, high net worth individuals, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Jerome A Castellini is state or municipal government entities with 8 clients and $2.16 billion of assets under management. Among the 8 most similar advisory firms, Castleark Management has the highest percentage of state or municipal government entities out of all clients.
The amount of regulatory assets under management is $2.87 billion for 24 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.
Castleark Management also advises several private funds. Namely, one hedge fund.
The company employs 30 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Castleark Management LLC is owned by William Albert Lupien. Jerome A Castellini has been acting as President since 1 Jan 1999. Kevin M Dolsen joined the executive team most recently as the Cheif Executive Officer.
The principal office where Castleark Management LLC performs its advisory services is located at 1 N. Wacker Drive, Suite 3950, Chicago, IL 60606, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 312-456-9682 or by fax 312-456-9690. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at castleark.com.